Auburn research: payday lenders target African-American neighborhoods

Auburn research: payday lenders target African-American neighborhoods

Gallery: Payday Lenders Multiply Across The Birmingham Metro Area

Alabama has more payday lenders per capita than all but four other states in the nation, according to a study that is new Auburn University Some view these services as predatory to low-income or greatly African-American neighborhoods, and some metropolitan areas in Alabama are managing them. The study provides some gas for that argument: it found a relationship that is significantly positive the amount of payday lending shops to your amount of banking institutions and bank branches plus the percentage of the population that is African-American. „Walmart does not state, ‚Let’s go to the rural area where there exists a population of 90.‘ You locate near your visitors. „Auburn research: payday lenders target African-American neighborhoods“ weiterlesen